Sunday August 2nd, 2015
Sunday August 2nd, 2015

You are here : Home » Business » Investors Forum

Investors Forum

Latest

Comments, queries for CBN and banks on BVN

  /   in Investors Forum 3:14 am   /   Comments

CBN Governor, Mr Godwin Emefiele

The two series article titled, BVN Enrolment: Facts behind the extension of deadline, generated several comments and questions from readers, especially online readers. Some of the questions are directed to the Central Bank of Nigeria, while others are to the banks. Some of them are presented hereby presented.

Read More →
Latest

Top 10 performing stocks

  /   in Investors Forum   /   Comments

File photo: The  floor of Stock exchange

Caverton Offshore Support Group Plc led the cream of price gainers last week on the Nigerian Stock Exchange, NSE with 7.89 per cent or N0.27 per share increase to close at N3.69 per share from N3.42 per share penultimate week.

Read More →
Latest

AGM: Are companies meeting shareholders’ demand? (2)

  /   in Investors Forum   /   Comments

Nigerian-Stock-Exchange-(NS

Last week ,we discussed the topic bothering on AGM and how companies have been able to utilise that platform to solving issues identified by the shareholders. Contiuning,shareholders have said that companies don’t address some issues because sometimes the right steps are not taken by the them that are supposed to report such un-addressed issues to the regulatory authority.

Read More →
Latest

Bayelsa govt set to hold 2nd economic investment forum

  /   in Investors Forum   /   Comments

Bayelsa state said all is set to hold its 2nd economic investment forum in the state.

Read More →
Latest

NUC inaugurates four- man committee to accredit CIS programme

  /   in Investors Forum 12:29 am   /   Comments

THE Chartered Institute of Stockbrokers (CIS) is on the move to get accreditation for some of its programmes as the National Universities Commission (NUC) has set up a four man Committee to mid-wife the implementation.

Read More →
Latest

Top 10 performing stocks

  /   in Investors Forum   /   Comments

Nigerian-Stock-Exchange-(NS

Livestock Feeds Plc led the cream of price gainers on the Nigerian Stock Exchange, NSE last week, rising by 11.16 per cent or N0.24 per share to close at N2.39 per share from N2.15 per share it closed penultimate week. About thirty three equities appreciated during the week under review, higher than twenty two equities of the penultimate week.

Read More →
Latest

Dollar dividend: Seplat currently pays in naira, interim pending

  /   in Investors Forum   /   Comments

gbadeboo

The Chairman, Seplat Petroleum Development Company, Dr. Ambrose Orjiako has come out to say that shareholders who bought shares in naira or foreign currency would be paid dividend as such., except otherwise which is applicable to exchange rate of the Central Bank of Nigeria (CBN) as at the time the register of the company closes. Shareholders in this interview argue that the company is paying the current dividend in naira while the initial dividend paid in dollar is still pending.

Read More →
Latest

BVN enrolment: Facts behind the extension of deadline

  /   in Investors Forum, News 6:57 pm   /   Comments

Customers besiege banks as BVN registration deadlines expires

Contrary to several official pronounce-ments, the deadline for bank customers to enrol for the biometric verification number (BVN) was extended by four months till October 31st.

Read More →
Latest

Banks and blood money

  /   in Investors Forum, News 7:38 pm   /   Comments

atm-cash

It happened in one of the Abuja branches of one of Nigeria’stop five banks. That Saturday morning, a male staff had entered the ATM room to load money into the machine and locked himself as required by standard operational procedure. But when minutes rolled into hours, and the staff refused to emerge from the room, colleagues began to suspect something was wrong.

Read More →
Latest

Top 10 performing stocks

  /   in Investors Forum   /   Comments

File photo: The  floor of Stock exchange

Neimeth Plc, led the cream of price gainers on the Nigerian Stock Exchange, NSE last week as it appreciated by 11.72 per cent or N0.15 per share to close at N1.43 per share from N1.28 per share it closed penultimate week.

Read More →
Latest

Stanbic IBTC lists N15.44 billion bond on FMDQ platform

  /   in Investors Forum 12:21 am   /   Comments

Speaking at the bond listing ceremony in Lagos, the Chief Executive Officer, FMDQ OTC Plc, Bola Onadele, said that the listing would go a long way to deepening the nation’s capital market.

Read More →
Latest

What should customers of Savannah Bank Do? (2)

  /   in Investors Forum, News   /   Comments

Emefiele CBN Governor

The first part of this article which appeared two weeks ago generated many comments and reactions from readers online. However many of them missed the point and the objective of the series on the Savannah bank saga.

Read More →
Latest

What should the depositors of Savannah Bank do?

  /   in Investors Forum, News 3:31 pm   /   Comments

*File Photo

The suffering of depositors of Savannah Bank is aptly reflected in the email received from one of our readers, Izuchukwu Emmanuel. “Please I was very optimistic to read your repor , when I saw the headline on your firm’s online page. Please I want to know if there is any hope that the bank will to re-open for business. My late dad had an account with the bank and my mum is suffering from financial burdens since the demise of my dad. Please keep me informed if there is any. Thanks.”

Read More →
Latest

Shareholders seek appointment of steering committee to address hitches

  /   in Investors Forum, News   /   Comments

Unlike the Stock market, Forex trading is Online

We therefore suggest that the incoming administration should appoint a steering committee to revisit some policies taken by Central Bank of Nigeria, CBN, Securities and Exchange Commission, SEC, and Financial Regulatory Council, FRC with a view to reversing some and strengthen the market with formidable recommendations by experts drawn from stakeholders.”

Read More →
Latest

Shareholders congratulate Gwarzo, call for reforms

  /   in Investors Forum, News   /   Comments

Shareholders

We commend the appointment of Gwarzo as the Director General of the SEC . We believe he is experienced and qualified for the position given his records. The incoming government has to embark on major reforms, that are based on due process in the capital market. There should be discipline among the stockbrokers and the process of recapitalisation must be carried out among the stockbrokers.

Read More →
Latest

Top 10 performing stocks

  /   in Investors Forum, News 12:12 am   /   Comments

Bottled Water

Beta Glass Company Plc in the Packaging /Container sub sector on the Nigerian Stock Exchange, NSE led the top ten gainers chart last week ending Friday 15thMay 2015, rising by 10 per cent to close at N33.00 per share from N30 per share penultimate week. Beta Glass Company Plc has proposed a dividend of 62 kobo per share to its shareholders for the financial year end of 2014 as the closing date for its register has been fixed for 12thJune, 2015.

Read More →
Latest

Reverse policy or pay interest on cash reserve, shareholders tell CBN

  /   in Investors Forum, News   /   Comments

CBNHQ400

Mr. Adebayo Adeleke of Independent Shareholders Association of Nigeria ISAN : When the CBN says 20 per cent and they are locking up the money, banks don’t have access to it, neither are they paying any form of interest on it. It is a double jeopardy situation for the banks because banks are paying to NDIC for insuring the same fund over everybody that has deposited. So when the owner of that money comes, the bank is meant to pay the owner interest on the whole sum, while 20 percent is held by CBN.

Read More →
Latest

Transcorp gross earnings rise to N41.3 bn

  /   in Investors Forum, News   /   Comments

Transcorp

Transnational Corporation of Nigeria , Trascorp Plc has recorded gross earnings of N41.3 billion for the financial year ended December 31, 2014. In his address to shareholders duriiing the 9th Annual General Meeting, AGM , Chairman of the Board of Directors , Mr. Tony O. Elumelu, highlighted the operational excellence that has guided Transcorp’s turnaround from takeover in 2010, to increased performance in the year under review indicated that gross earnings increased from N18.8 billion to N41.3 billion , a reflection of the first full year of earnings from the power business.

Read More →
Latest

Top 10 performing stocks

  /   in Investors Forum 12:52 am   /   Comments

Unlike the Stock market, Forex trading is Online

Dangote Cement Plc led the top ten most active stocks last week. The shares of the company rose by N9.50, representing 5. 4 per cent increase. Specifically, Dangote Cement shares which opened penultimate Thursday at N175.00 closed last week Thursday at N184.70 per share.

Read More →
Latest

E-dividend mandate’ll reduce unclaimed dividend – Shareholders

  /   in Investors Forum   /   Comments

atm-finger-print

Electronic Dividend (e-dividend) was introduced to forestall the rising incidence of unclaimed dividend in the Nigerian Capital Market. Shareholders who spoke with Vanguard Investors Forum, explains how e-dividend work and its benefits over paper dividend.

Read More →
Latest

Banking without mercy (2)

  /   in Investors Forum 12:44 am   /   Comments

atm-cash

The tendency for banks to exploit customers to enhance revenue and profitability is reflected in the complaints below from two bank customers.

Read More →
Latest

Publication of bank debtors: Pointer to future reforms in industry

  /   in Investors Forum 1:01 am   /   Comments

In order to strengthen the soundness of the banking industry, the Bankers Committee at its last meeting agreed to publish in newspapers names of its chronic debtors. The Committe also agreed to deny such debtors access to foreign exchange. Shareholders in this interview commended this decision saying the incoming government should do a lot in the area of banking reform.

Read More →
Latest

Banking without mercy

  /   in Investors Forum   /   Comments

ATM-Naira-and-Dollar

Some years ago, a couple opened a savings account for their children, twins, with one of the big banks, where they deposited all the monetary gifts received during the naming of the boy and girl.

Read More →
Latest

Why SEC’s Complaint Management framework may not work (3)

  /   in Investors Forum 12:49 am   /   Comments

1000-naira-notes

Why should it take two days for an organisation to acknowledge an email message or five days to acknowledge a message received by post?

Read More →
Latest

Post elections: Stock market will bounce back, but

  /   in Investors Forum   /   Comments

Unlike the Stock market, Forex trading is Online

Now that elections are over, especially the Presidential and Governorship, shareholders in this interview are of the opinion that the market will bounce back but not recover immediately, just as they said that the foreign investors that left the market to see the outcome of the elections will return back to the market.

Read More →
Latest

Top 10 performing stocks

  /   in Investors Forum 12:49 am   /   Comments

Nigerian-Stock-Exchange-(NS

On the top 10 performing stocks last week were the shares of Fidelity bank plc, National Aviation handling Company, NAHCo Plc, Zenith International Bank Plc, Oando plc, Guaranty Trust Bank Plc and United Bank for Africa, UBA Plc. The rest were International Breweries Plc, UACN Property Development Co. Plc, Glaxosmithkline Consumer Nig. Plc and National Salt Company, NASCON Plc.

Read More →
Latest

Why SEC’s complaint framework may not work (2)

  /   in Investors Forum   /   Comments

File photo: The  floor of Stock exchange

THERE is a prevalence of poor attitude to customers’ complaints in the capital market. The experience of many investors in this regard is reflected in the email received from Investor Oyekunle, published in the last edition.

Read More →
Latest

Top 10 performing stocks

  /   in Investors Forum 12:08 am   /   Comments

File photo: The  floor of Stock exchange

On the top 10 performing stocks last week were the shares of Honeywell Flour Mill Plc, Glaxosmithkline Consumer Nig. Plc, Costain (West Africa) Plc, Aiico Insurance Plc, Wema Bank Plc and Champion Breweries Plc.

Read More →
Latest

Suspension of audit c’ttee rule: “Shareholders not carried along”

  /   in Investors Forum 12:57 am   /   Comments

Gbadebo

THE Securities and Exchange Commission, SEC approved the suspension of Rule 42 (5)(e) of the Consolidated Rules and Regulations of the Commission for 90 days, effective February 25, 2015. The suspended rule provides: “Membership of an Audit Committee shall be for a term of three (3) years, subject to good performance; Provided, that such Member shall not be eligible for re-election until the expiration of three (3) years after his previous term”. In this interview with Alhaji Gbadebo Olatokunbo, shareholder activist, he said the regulators should listen more to the shareholders.

Read More →
Latest

Top 10 performing stocks

  /   in Investors Forum   /   Comments

Unlike the Stock market, Forex trading is Online

On the top performing stocks last week were the shares of May & Baker Nigeria Plc, UBA Capital Plc, Cadbury Nigeria Plc, NPF Microfinance Bank Plc, Fidelity Bank Plc and Cutix Plc. Others were International Energy Insurance Company, IEI Plc, FCMB Group Plc, Transnational Incorporation of Nigeria (Transcorp) Plc and Caverton Offshore Support Group Plc.

Read More →
Latest

How about non-financial investment? (2)

  /   in Investors Forum 1:07 am   /   Comments

1000-naira-notes

Some readers requested for non financial investments. They want to invest but not in financial instruments like shares, bonds, bank deposits etc.

Read More →
Latest

Top 10 performing stocks

  /   in Investors Forum   /   Comments

Nigerian-Stock-Exchange-(NS

Interestingly, the list of top 10 performing stocks was dominated last week by the shares of banking stocks as they begin to issue their 2014 financial statements and accounts to the investing public.

Read More →